Leading global cryptocurrency exchange Binance has launched support for new Tier 1 crypto projects through its Launchpool platform.
Binance Launchpool, which allows users to tender coins and create new assets, announced that its 51st project will be Saga (SAGA), a web-based platform3 designed for developers.
The goal of Saga is to allow developers to run interacting application-specific chains, called "chainlets. "%%%%%%
The project website explains.
We are building Saga by re-imagining how developers and end users interact with the #blockchain . Using shared security, innovations in validator orchestration, and an automated deployment pipeline, Saga makes it easy to deploy a smart contract to run a dedicated blockchain, or chainlet.
Between April 5 and April 9, #Binance users will be able to place #BTC and First Digital USD (FDUSD) stablecoin in separate pools to mine Saga tokens. The exchange then plans to list the assets on April 9.
Launchpool will offer token fees of 45,000,000 SAGA, which is equivalent to 4.5% of the maximum asset offering.
Binance plans to conduct SAGA seeding, which will be applied to less liquid projects that may exhibit higher volatility than other listed tokens. Binance requires users holding seed-labeled assets to take a test every 90 days before trading tokens to ensure they are aware of the risks.
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